Xatolos@reddthat.com to News@lemmy.world · 6 months agoT-Mobile to acquire most of U.S. Cellular in $4.4 billion dealwww.cnbc.comexternal-linkmessage-square10fedilinkarrow-up19arrow-down10
arrow-up19arrow-down1external-linkT-Mobile to acquire most of U.S. Cellular in $4.4 billion dealwww.cnbc.comXatolos@reddthat.com to News@lemmy.world · 6 months agomessage-square10fedilink
minus-squareFlying Squid@lemmy.worldlinkfedilinkarrow-up4·6 months agoAnd the market shrinks again… soon we’ll be back where we started, with one telecom company.
minus-squareTrack_Shovel@slrpnk.netlinkfedilinkEnglisharrow-up1·edit-26 months agoI’ve said it before, and I will say it again: the endgame of a capitalist system are monopolies or cartels. Usually it takes the following steps: Bunch of little start-up - everyone wants a piece of the pie Some start-ups can’t hack it and either go under or are absorbed by other start-ups Surviving start-ups grow to mid-size of major sized ventures depending on how many competitors or competitor market shares they absorbed Repeat step 2 with remainder of companies until a few are left Presto changeo you got yourself a cartel or monopoly. Consumer power is nil. Example sectors to look at for this: food production industry, mining, computing/silicon Valley
And the market shrinks again… soon we’ll be back where we started, with one telecom company.
I’ve said it before, and I will say it again: the endgame of a capitalist system are monopolies or cartels.
Usually it takes the following steps:
Bunch of little start-up - everyone wants a piece of the pie
Some start-ups can’t hack it and either go under or are absorbed by other start-ups
Surviving start-ups grow to mid-size of major sized ventures depending on how many competitors or competitor market shares they absorbed
Repeat step 2 with remainder of companies until a few are left
Presto changeo you got yourself a cartel or monopoly. Consumer power is nil.
Example sectors to look at for this: food production industry, mining, computing/silicon Valley